(A Top Pick Oct 02/18, Down 44%) They had a second quarter miss. They are affected by steel prices. It is still a really well run company. They cleaned up the balance sheet and pension issues. There is value in these companies if you hold them for 5 years. He will continue to hold it.

(A Top Pick Oct 02/18, Down 44%) They had a second quarter miss. They are affected by steel prices. It is still a really well run company. They cleaned up the balance sheet and pension issues. There is value in these companies if you hold them for 5 years. He will continue to hold it.

The chart looks horrible, but volume is starting to flow. 80% of investors have lost money here in the past two years. It hasn't found a bottom. It's slid from $15 to $11.83. Don't even look at it, unless it rises above $12.50. Sell, if you haven't already. Minimize your losses.

The chart looks horrible, but volume is starting to flow. 80% of investors have lost money here in the past two years. It hasn't found a bottom. It's slid from $15 to $11.83. Don't even look at it, unless it rises above $12.50. Sell, if you haven't already. Minimize your losses.

It kind of trends down since January, but it isn't terrible. The picture generally is pretty positive. A year from now we will have some inflation and it will break out above $16. It is a good risk/reward to take a shot at some of these names.

It kind of trends down since January, but it isn't terrible. The picture generally is pretty positive. A year from now we will have some inflation and it will break out above $16. It is a good risk/reward to take a shot at some of these names.

It's at the whims of the steel price. Good management generates good cash flow and have two special dividends in the past year. Prem Watsa has invested in them. They seem to be hunting for an acquisition, but higher steel prices or big capital deployment will move the stock higher.

It's at the whims of the steel price. Good management generates good cash flow and have two special dividends in the past year. Prem Watsa has invested in them. They seem to be hunting for an acquisition, but higher steel prices or big capital deployment will move the stock higher.

There's a storm cloud over Stelco. Ottawa was supposed to protect the company and sector from US tariffs, but Ottawa just realized the cost of that protection and withdrew it. The upshot: a decline in STLC's NAV from 21 to 17, and EBITDA margins shrinking from 16.5% to 11.3% (a 32% decline in EBITDA--not good).

There's a storm cloud over Stelco. Ottawa was supposed to protect the company and sector from US tariffs, but Ottawa just realized the cost of that protection and withdrew it. The upshot: a decline in STLC's NAV from 21 to 17, and EBITDA margins shrinking from 16.5% to 11.3% (a 32% decline in EBITDA--not good).

(A Top Pick Oct 02/18, Down 36%) Fear of an economic slowdown has pressured steel prices and stock. But stell prices are still strong historically. You can make money off this at the $30 price in the coming years. STLC plan to sell 100% of their products to Canada which will avoid the US tariffs. In the last quarter that figure was 90%.

(A Top Pick Oct 02/18, Down 36%) Fear of an economic slowdown has pressured steel prices and stock. But stell prices are still strong historically. You can make money off this at the $30 price in the coming years. STLC plan to sell 100% of their products to Canada which will avoid the US tariffs. In the last quarter that figure was 90%.

Don’t buy now. Mainly because of uncertainty surrounding steel and aluminum tariffs. Canada’s cyclicals have been beaten down, so there could be value, but economic growth will slow somewhat. This would be a value trap.

Don’t buy now. Mainly because of uncertainty surrounding steel and aluminum tariffs. Canada’s cyclicals have been beaten down, so there could be value, but economic growth will slow somewhat. This would be a value trap.

The tariffs are still on, which doesn't help them short-term. They do have a better balance sheet now, but the steel sector is heading into a downturn with weaker demand from China. Stelco will do better than its peers, but the sector will weaken. Trading at 4x forward earnings.

The tariffs are still on, which doesn't help them short-term. They do have a better balance sheet now, but the steel sector is heading into a downturn with weaker demand from China. Stelco will do better than its peers, but the sector will weaken. Trading at 4x forward earnings.

A short-term investment. The steel market is now strong. Stelco re-IPO'd last November. Has little debt and cleaned up its employee pension obligations. There are healthy margins in steel now. Good cash flows. Just paid a special dividend which could become an annual event. (1.8% dividend, Analysts' price target: $33.17)

A short-term investment. The steel market is now strong. Stelco re-IPO'd last November. Has little debt and cleaned up its employee pension obligations. There are healthy margins in steel now. Good cash flows. Just paid a special dividend which could become an annual event. (1.8% dividend, Analysts' price target: $33.17)

If we learned anything about tariffs, it is lumber. STLC-T's pension liability is gone and they have a clean balance sheet. They have the ability to increase capacity. They remind him of the lumber debate. (Analysts’ target: $33.50).

If we learned anything about tariffs, it is lumber. STLC-T's pension liability is gone and they have a clean balance sheet. They have the ability to increase capacity. They remind him of the lumber debate. (Analysts’ target: $33.50).

They flushed a lot of the liabilities with the IPO recapitalization. Trump gave them a present announcing higher tariffs and that put a tailwind behind the commodity. Wildly cyclical and too much outside of their control. It could have a good short-term performance. Not a good long-term company to own.

They flushed a lot of the liabilities with the IPO recapitalization. Trump gave them a present announcing higher tariffs and that put a tailwind behind the commodity. Wildly cyclical and too much outside of their control. It could have a good short-term performance. Not a good long-term company to own.

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